Bitcoin Continues Running – Now Past $9,500

Bitcoin has continued its remarkable bull run over the weekend, with prices exceeding $9,500 on extremely strong volume. The market has been pushed by a number of critical news stories regarding the mainstream adoption of the cryptocurrency.

It seems that the market rise to this point has been the result of increasing adoption among individuals, as well as hopes of institutional increases. The rise in Coinbase user accounts (nearly 125,000 per day), as well as the hope for futures trading from two Chicago-based markets (CME and CBOE), appear to be the driving factors in the recent jump.

The future?

As the market has continued to run, the fears of a bubble in Bitcoin price have continued. Nevertheless, many investors see a substantial future increase coming as institutional markets begin to open.

– No ETF– No way to purchase from your fidelity/vanguard account– No way to purchase from your PayPal/square account (#soon)– No way to purchase from your local bank– Mainstream/Institutional funds flow have barely begun

Bullish.

— Dan Hedl (@danheld) November 26, 2017

Additionally, increasing stability within the Bitcoin network will likely produce greater levels of adoption, both as a store of value and as a payment network. New payment platforms and businesses willing to accept Bitcoin will move the market forward as well.

kakp2
16 hours ago

RMIT, an Australian public research university, has launched Australia’s first university Blockchain course, according to Business Insider Australia. The 8-week course, entitled “Developing Blockchain Strategy”, was designed by RMIT’s...
Read More

adcity
3 months ago

The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should...
Read More

kakp2
3 days ago

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain...
Read More